Nouriel Roubini 2022
La prima giornata del Forum di Cernobbio 2022
La prima giornata del Forum di Cernobbio 2022
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Nouriel Roubini
Nouriel Roubini: Karl Marx Was Right
https://www.wsj.com/video/nouriel-roubini-karl-marx-was-right/68EE8F89-EC24-42F8-9B9D-47B510E473B0.html
MARX WAS RIGHT. CAPITALISM MAY BE DESTROYING ITSELF
By Nouriel Roubini
https://www.globalresearch.ca/marx-was-right-capitalism-may-be-destroying-itself/26031
ルビーニは2008年の金融危機を予見した12人のうちの一人
Bezemer, D.J(2009)
https://pure.rug.nl/ws/portalfiles/portal/2646456/09002_Bezemer.pdf
ルビーニは2008年の金融危機を予見した12人のうちの一人
Nouriel Roubini: Karl Marx Was Right
https://www.wsj.com/video/nouriel-roubini-karl-marx-was-right/68EE8F89-EC24-42F8-9B9D-47B510E473B0.html
MARX WAS RIGHT. CAPITALISM MAY BE DESTROYING ITSELF
By Nouriel Roubini
https://www.globalresearch.ca/marx-was-right-capitalism-may-be-destroying-itself/26031
Bezemer, D.J(2009) “No One Saw This Coming”
https://pure.rug.nl/ws/portalfiles/portal/2646456/09002_Bezemer.pdf
8/12/2011 3:05PM
Nouriel Roubini: Karl Marx Was Right
In a clip from a longer interview with WSJ's Simon Constable, Dr Nouriel Roubini claims Karl Marx was right about capitalism self-destructing. While the U.S. is not there yet, he believes there is considerable danger facing the United States.
MARX WAS RIGHT. CAPITALISM MAY BE DESTROYING ITSELF
https://www.globalresearch.ca/marx-was-right-capitalism-may-be-destroying-itself/26031
( Courtesy of B.J. Murphy)
I’ve produced a rough transcript (Roubini’s accent gives me some trouble) of the critical portion of this very interesting interview. I urge you to read each word carefully at least once, if not twice. B. J. Murphy
WSJ: So you painted a bleak picture of sub-par economic growth going forward, with an increased risk of another recession in the near future. That sounds awful. What can government and what can businesses do to get the economy going again or is it just sit and wait and gut it out?
Roubini: Businesses are not doing anything. They’re not actually helping. All this risk made them more nervous. There’s a value in waiting. They claim they’re doing cutbacks because there’s excess capacity and not adding workers because there’s not enough final demand, but there’s a paradox, a Catch-22. If you’re not hiring workers, there’s not enough labor income, enough consumer confidence, enough consumption, not enough final demand. In the last two or three years, we’ve actually had a worsening because we’ve had a massive redistribution of income from labor to capital, from wages to profits, and the inequality of income has increased and the marginal propensity to spend of a household is greater than the marginal propensity of a firm because they have a greater propensity to save, that is firms compared to households. So the redistribution of income and wealth makes the problem of inadequate aggregate demand even worse.
Karl Marx had it right. At some point, Capitalism can destroy itself. You cannot keep on shifting income from labor to Capital without having an excess capacity and a lack of aggregate demand. That’s what has happened. We thought that markets worked. They’re not working. The individual can be rational. The firm, to survive and thrive, can push labor costs more and more down, but labor costs are someone else’s income and consumption. That’s why it’s a self-destructive process.
The original source of this article is WSJ
( B.J. Murphy氏提供)
この非常に興味深いインタビューの重要な部分を大まかに書き起こしてみた（ルービニ氏のアクセントに悩まされる）。 是非、一読、二読していただきたい。B. J. マーフィー
WSJです。 ルービニ氏は、今後の経済成長率が低水準にとどまり、近い将来に再び不況に陥るリスクが高まるという暗い見通しを示したわけですね。 ひどい話だ。 それとも、ただ座って待っているしかないのでしょうか？
ルービニ 企業は何もしていません。 実際に役に立っていないのです。 このようなリスクは、彼らをより神経質にさせました。 待つことに価値があるのです。 生産能力が過剰だから人員削減をし、最終需要が十分でないから雇用を増やさない、と主張していますが、パラドックス、Catch-22があります。 労働者を雇わないのであれば、労働所得も消費意欲も消費も十分ではなく、最終需要も十分ではありません。 ここ2、3年、実際に悪化しています。労働から資本へ、賃金から利益へ、大規模な所得の再分配が行われ、所得の不平等が拡大し、世帯の限界消費性向は企業の限界性向よりも大きくなります。なぜなら、企業は貯蓄性向が大きいからで、世帯と比較して企業というのは。 つまり、所得と富の再分配が、総需要の不足という問題をさらに悪化させるのです。
カール・マルクスは正しかった。 ある時点で、資本主義は自滅しかねない。 過剰な生産能力と総需要の不足なしに、労働から資本へ所得を移し続けることはできない。 それが今起こっていることなのです。 私たちは市場が機能していると考えていました。 しかし、市場は機能していません。 個人は合理的であることができる。 企業は生き残り、繁栄するために、労働コストをどんどん押し下げることができます。しかし、労働コストは誰かの所得であり、消費なのです。 だから自滅していくのです。
この記事の元ソースはWSJ
著作権 © Nouriel Roubini, WSJ, 2011
８つの危険
キーン
数値を挙げて予見しているので他の論者より優れているかも知れない。
ただし発言が書籍に残っていないようだ。
Crisis Economics: A Crash Course in the Future of Finance 2011が単著として挙げられる
INTELLIGENCE ON THE WORLD,
EUROPE, AND ITALY
The Economic Outlook: Dealing with Uncertainties
Mohamed A. El-Erian Stephanie Bell Kelton
Nouriel Roubini
Peter Bofinger
Maria Bartiromo
Chair
The European House
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